Fannie Mae Announces Sale of $1.64B NPL Pool
MTGLQ Investors LP is the winning bidder on a pool of non-performing mortgage loans (NPLs) recently auctioned by Fannie Mae.
The sale includes approximately 9,800...
Finastra’s Fusion Mortgagebot POS Now Integrated with Optimal Blue’s PPE
Finastra’s point of sale solution is now integrated with Optimal Blue’s product and pricing engine.
This will enable banks and credit unions using Finastra’s Fusion MortgagebotPOS...
LendingQB’s LOS Now Supports MCT’s BAM
LendingQB’s loan origination platform now supports the new Bid Auction Manager (BAM) technology within Mortgage Capital Trading’s (MCT) MCTlive! secondary marketing software platform.
This new integration...
Freddie Mac Prices Second SCRT Offering For 2018
Freddie Mac reports that it has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of this year - a rated securitization of...
Achieving Best Execution for Ginnie Mae MBS
Broker-dealers are increasingly encouraging their originator clients to consider building custom, single-issuer pools.
TMS Acquiring LoanLogics’ Non-Core MSR Consulting Products
Transformational Mortgage Solutions (TMS), a provider of management consulting services for the mortgage industry, is acquiring LoanLogics' non-core MSR consulting products and re-branding LoanLogics'...
Tavant Working with Freddie Mac on Loan Data Delivery
Tavant, a provider of digital products and solutions for the consumer lending industry, says it is collaborating with Freddie Mac to launch a one-click...
Resitrader Adds New Features to its Whole Loan Trading Platform
Resitrader has added new features to its whole loan trading platform, including a highly configurable eligibility engine that enables sellers to identify loan characteristics...
Mid America Mortgage Expands Relationship with Spectrum Mortgage Holdings
Mid America Mortgage Inc. reports that it has expanded its relationship with Spectrum Mortgage Holdings to offer warehouse lines of credit in conjunction with...
Digital Risk Hires Sadie Gurley as Head of Diligence Services
Sadie J. Gurley recently joined Digital Risk, a provider of end-to-end origination, due diligence, compliance and technology services, as head of diligence services.
Gurley has...
Cloudvirga Delivers Single-Click, Dual-AUS Submission of Loan Data
Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac’s and Fannie Mae’s automated underwriting systems.
The dual-AUS submission...
Fannie Mae Sells Two Reperforming Loan Pools with Aggregate UPB of $1.96 Billion
NRZ Mortgage Holdings LLC (Fortress) and Towd Point Master Funding LLC (RMBS Cerberus) are the winning bidders on two separate pools of reperforming mortgage...
FHFA Sets Date For Issuance of New Common Security
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will start issuing a new, common security - the Uniform Mortgage-Backed Security (UMBS) - in place...
Resitrader Saw More Than $10 Billion in Bid Volume in February
Resitrader Inc. reports that its online exchange for whole loan trading hit a major milestone in February: More than $10 billion in monthly bid...
Mortgage Lenders Have Bleak Outlook in Fannie Mae’s Lender Sentiment Survey
With falling demand from consumers, increased competition from new entrants and shrinking profits, it’s not exactly a great time to be a mortgage lender,...
Quest Advisors Using TRK’s Insight RDM Mortgage QC Audit Platform
Mortgage quality assurance firm Quest Advisors is using TRK Connection’s cloud-based QC audit platform, Insight Risk & Defect Management (Insight RDM), to power its...
What Happens If Mortgage Rates Soar?
For the real estate sector, the thought of higher rates is strangely worrisome.
MPF Program Now Using LoanScorecard’s PPE
The Mortgage Partnership Finance (MPF) Program of the Federal Home Loan Bank System is now using LoanScorecard’s Portfolio Producer product and pricing engine (PPE)...
Freddie Mac Needs Treasury Draw of About $300 Million
Government-sponsored enterprise Freddie Mac will require a Treasury draw of about $300 million in order to cover losses it incurred in the fourth quarter...
Senate Bill Would Reverse FHFA Ruling Barring ‘Captive Insurers’ from FHLB Membership
A bipartisan bill introduced in the Senate would reverse a 2016 ruling from the Federal Housing Finance Agency (FHFA) to disallow captive insurance companies...